Fortress Transportation and Infrastructure Investors LLC (FTAI) Stock

Subscribers to Schaeffer's Weekend Trader Alert options recommendation service received this FTAI commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.

Here is how FTAI Aviation (FTAI) and Northrop Grumman (NOC) have performed compared to their sector so far this year.

FTAI Aviation (FTAI) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.33 per share a year ago.

NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI) (the “Company” or “FTAI”) today reported financial results for the third quarter 2024. The Company's consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.

FTAI Aviation (FTAI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

NEW YORK, Sept. 30, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI; “FTAI Aviation” or the “Company”) announced today that it will redeem all of the Company's outstanding 4,180,000 8.25% Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares (the “Series A Shares”) at a redemption price equal to $25.00 per Series A Share in cash, plus approximately $1,579,811 of accumulated and unpaid distributions thereon to, but not including, the redemption date of October 30, 2024 (the “Redemption”). The Series A Shares trade under the ticker symbol “FTAIP.”

FTAI Aviation benefits from Boeing and Airbus delivery delays, driving demand for aftermarket services, especially in engine leasing and maintenance. Despite higher input costs and inflationary pressures, FTAI Aviation's Q2 2024 revenues grew 61.7%, with adjusted EBITDA up 40% to $213.9 million. FTAI Aviation raised its 2024 EBITDA guidance to $825-$850 million and its 2026 target to $1.25 billion, reflecting strong demand and growth prospects.

FTAI Aviation's 8.25% Fix/Float Series A Cumulative Preferred Shares offer strong dividend coverage, with a potential yield over 12% and a 13.37x coverage factor. FTAI's asset base includes 53.4% aircraft and 47% aircraft engines, with high utilization rates and a focus on narrowbody assets. Despite a one-time $300M restructuring expense, FTAI expects significant annual savings and strong future EBITDA growth, bolstered by recent acquisitions.

NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP; the "Company" or “FTAI Infrastructure”) plans to announce its financial results for the third quarter 2024 after the closing of Nasdaq on Wednesday, October 30, 2024. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.fipinc.com/.